The energy transition will accelerate demand for critical minerals for use in batteries and fuel cells
UK launches critical minerals strategy
Government plans to diversify supply chains and boost domestic production, refining, recovery and recycling of metals key to the energy transition
The UK government has today published its strategy for critical minerals, which are key to economic growth and the energy transition but face major risks to security of supply. The energy transition is driving substantial demand for critical minerals. The government notes that a number of clean energy technologies, including electric vehicle (EV) batteries, “are stretching the limits of technical performance in the short term, so rely on a technical optimum combination of materials”. This prevents the substitution of materials without potentially slowing the rate of transition. Global demand for EV battery minerals—including lithium, graphite, cobalt and nickel—is projected to increase 6-13
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
